You Have an Annual Gross Income of $36,000

question 183

Multiple Choice

You have an annual gross income of $36,000.Using the 28/36 rule for maximum mortgage payment (PITI) estimation,what is your maximum PITI payment using your monthly gross income as a guide (28%) ?

• A)$840
• B)$1,080
• C)$680
• D)$640
• E)$880

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Definitions:

Richard Rahe

A psychologist known for his research on stress and its effects on health, including the development of the Holmes and Rahe stress scale.

Faked Illness

Deliberate fabrication or exaggeration of symptoms for various motives, such as to gain attention, financial benefits, or avoid responsibilities.

Sick Role

A sociological concept regarding the social aspects of becoming ill and the privileges and obligations that come with it.

Feigning Illness

The act of pretending to be affected by a medical condition or symptoms of illness, often for gaining sympathy, avoiding duty, or other personal benefits.